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May 22, 2014CanAlaska Shareholder Update - NW Manitoba Project

CanAlaska News Release - May 22 2014

CanAlaska Shareholder Update

MPVC'S SECOND DRILL ARRIVES AT NW MANITOBA URANIUM PROJECT

Kelowna, Canada -- 22nd May 2014 -- MPVC Inc. (TSXV : UNO) ("MPVC",
the "Company") is pleased to report that the RAB drill has now
arrived on site at the Company's Northwest Manitoba Uranium
project which was recently optioned from CanAlaska Uranium
Limited.

RAB Drill

A rotary air blast (RAB) drill rig has now arrived at the
Maguire Lake focus area within the Company's Northwest Manitoba
project. This drill will focus on rapidly testing shallow
targets generated by the geophysical (magnetic, electromagnetic,
gravity and radiometric), geochemical (AlphaTrack and RadonEx)
and prospecting programs. Initially, targets beneath the lake
are being tested while winter conditions exist.

Core Drilling

The core drill is now drilling vertical holes to test targets
located beneath Maguire Lake making use of the late season ice.
The first hole was called off at 51 meters prior to reaching
bedrock due to technical difficulties in penetrating the
overburden.

The second hole reached bedrock at 41.2 meters (9.1 meters of
water 32.1 meters of overburden). From 41.2 meters to the end of
hole at 114 meters granoblastic semi-pelite with minor biotite-rich
pelite and K-feldspar pegmatite was intersected. In the upper
part of the hole clay, chlorite, epidote and local
hematite/limonite alteration increase downward to a depth of
approximately 90 meters. Weak to moderate bleaching was
pervasive from 69.5 to 74.8 meters and 77.8 to 78.5 meters.

Though significant uranium mineralization was not detected using
a hand held gamma ray spectrometer samples of the core are now
being tested for radon, "young" uranium and lead 210 which, if
present, could signal the presence of uranium mineralization at
greater depths.

The Company is encouraged by:

-the bedrock geology being similar to the pelitic gneiss which
hosts the mineralization at Fission Uranium Corp's Patterson
Lake South deposit;

-alteration similar to what would be expected in the vicinity of
unconformity style uranium mineralization; and

-the high degree of fracturing and brecciation in the core
showing the potential for the movement of mineralizing fluids.

The third hole is now underway and is at a depth of 53 meters in
overburden.

Northlands Denesuline First Nation

MPVC has received a letter of support from the Northlands
Denesuline First Nation for the one year drill permit
application lodged with the government of Manitoba. The
Company's project is located within the traditional territory of
the Northlands Denesuline First Nation and MPVC looks forward to
building upon the relationship with Northlands.

The technical information and results reported here have been
reviewed by Chad Ulansky, PGeol, a qualified person under
National Instrument 43-101, who is responsible for the technical
content of this release.

The TSX has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release:
CUSIP# 13708P 10 2. This news release contains certain
"Forward-Looking Statements" within the meaning of Section 21E
of the United States Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical
fact, included herein are forward-looking statements that
involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from
those anticipated in such statements. Important factors that
could cause actual results to differ materially from the
Company's expectations are disclosed in the Company's documents
filed from time to time with the British Columbia Securities
Commission and the United States Securities & Exchange
Commission.